Market Insights

The meat substitutes market size was valued at USD 2.1 Billion in 2021 and is likely to grow at a CAGR of 12.9% during 2022-2028 to reach USD 4.9 Billion in 2028.  The market for meat substitutes is driven by the surge in demand for plant-based meat products among millennials, globally.

The Report highlights -

The dedicated team of researchers and market analysts have considered the in-depth inputs for the upcoming five years while preparing this report. Brilliant practice models and research methods have been leveraged to develop this report. Users can explore opportunities for growth within the global Meat Substitutes Market with the help of this study.

This research provides key information with Tables, and Figures assisting in the existing situation of the Meat Substitutes Market and may be a valuable source of guidance, and direction for companies, and individuals interested in the market.

Segment Analysis

Based on the source type, the market is segmented as soy protein, wheat protein, pea protein, and others. The soy protein segment is expected to be the largest segment, during the forecast period, due to the high demand for soy-based meat alternative products, such as pork, beef, and chicken, on account of their high protein content.

Based on the type, the market is segmented as concentrates, isolates, and textured. The concentrates segment is expected to be the fastest-growing segment due to its low price and high protein content.

Based on the form type, the market is segmented as solid and liquid. The solid segment is expected to remain the larger segment of the market during the forecast period owing to its ability to preserve the flavor and color of food products.

In terms of regions, Asia-Pacific is estimated to be the fastest-growing market during the forecast period. Awareness for animal welfare, health benefits, cost affordability, and a growing variety of meat substitute products are driving the market in the region with China and India as the growth engines. 

Key Market Features:

The report mentions few market features, including-

• Revenue & Rate of growth
• Pricing,
• Production & production rate,
• Consumption,
• Regional analysis,
• Supply/demand,
• Market share,
• CAGR, and gross margin.

Key players active in the Meat Substitutes Market-

The study offers a thorough analysis of the key market dynamics and their current trends, along with a list of key players active in the market. Some of the linchpins in the Meat Substitutes Market are –

• Archer Daniels Midland Company
• DuPont
• Roquette Frères
• Kerry
• Ingredion
• Sotexpro S.A
• CRESPEL & DEITER
• CHS INC.
• Suedzucker
• MGP
• Ingredient.

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